Beaufort, SC 29907

AutoZone Ground Lease

Property Address

162 Sea Island Parkway, Beaufort, SC, USA

Offering Summary

  • Price: $1,650,000
  • Lot Size: .52 Acres
  • Cap Rate: 4.0%
  • Year Built: 2022
  • Building SF: 7,400
  • Status: Available
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  • Brand New 15-Year Absolute Triple-Net (NNN) Ground Lease
  • Outparcel to Publix (2014 Relo Store) with Additional Grocery Anchor Support from Food Lion and New Harris Teeter Planned Across the Street
  • Signalized Hard Corner Location with Frontage to 41,000+ Cars/Day
  • Easily Replaceable Rent at $8.92/SF and Well Below Market ($19.61/SF)
  • Situated within a Dense Retail Corridor Along the Region's Primary Thoroughfare, Sea Island Parkway (US-21) - Tenants Include Food Lion, Publix, Walgreens, Wendy's, Sonic Drive-In, McDonald's, and Dairy Queen
  • Average Household Income Exceeds $131,000 within a One-Mile Radius
  • Located Between Two Major East Coast Markets (Charleston and Savannah) and within a One-Hour Drive from Savannah/Hilton Head International Airport

Broker Information